Bridgeway Foundation For Education Inc
- Assets
- $7.0m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 76
- Location
- Alpharetta, GA
- Founding
- 06/1998
- Data as of
- 06/2022
- EIN
- 58-2361829
Organization Overview
Bridgeway Foundation For Education Inc, operating under the name Valor Christian Academy, is located in Alpharetta, GA. The organization was established in 1998. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Valor Christian Academy employed 76 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valor Christian Academy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PARTNER WITH PARENTS IN A JESUS-CENTERED COMMUNITY TO EDUCATE, STRENGTHEN AND EQUIP THE WHOLE CHILD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE LAST SCHOOL YEAR, BFE SUCCESSFULLY MERGED TWO SCHOOLS INTO A NEW PRESCHOOL THROUGH 12TH-GRADE SCHOOL. ALL BUSINESS AND PROGRAM ELEMENTS WERE MERGED FOR BETTER EFFICIENCY. BFE BOARD SUCCESSFULLY NEGOTIATED THE SEPARATION OF THE SCHOOL FROM BRIDGEWAY CHURCH, WHICH HAD FORMED THE SCHOOL IN 1998. THE SEPARATION GIVES BFE COMPLETE AUTONOMY IN OUR OPERATIONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phil Van Gelder Chairman | OfficerTrustee | 1 | $0 |
Kelly Ashman Secretary | OfficerTrustee | 1 | $0 |
Beverlee Athens Treasurer | OfficerTrustee | 1 | $0 |
Ash Merchant Board Member | Trustee | 1 | $0 |
Michael Nelson Board Member | Trustee | 1 | $0 |
Christopher King Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $17,341 |
| Related organizations | $0 |
| Government grants | $436,698 |
| All other contributions, gifts, grants, and similar amounts not included above | $185,049 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $639,088 |
| Total Program Service Revenue | $3,317,710 |
| Investment income | $15,503 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $82,144 |
| Net Gain/Loss on Asset Sales | $60 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,054,505 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $57,536 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $143,138 |
| Compensation of current officers, directors, key employees. | $102,048 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,746,298 |
| Pension plan accruals and contributions | $15,055 |
| Other employee benefits | $143,826 |
| Payroll taxes | $122,070 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $325 |
| Fees for services: Accounting | $41,514 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $82,212 |
| Advertising and promotion | $4,015 |
| Office expenses | $17,321 |
| Information technology | $36,989 |
| Royalties | $0 |
| Occupancy | $94,243 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $60,241 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $240,038 |
| Insurance | $58,872 |
| All other expenses | $59,493 |
| Total functional expenses | $3,400,775 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $945,655 |
| Savings and temporary cash investments | $1,003,779 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $72,937 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $206,611 |
| Net Land, buildings, and equipment | $4,765,638 |
| Investments—publicly traded securities | $30,779 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,025,399 |
| Accounts payable and accrued expenses | $60,972 |
| Grants payable | $0 |
| Deferred revenue | $988,745 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,536,856 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $150,000 |
| Total liabilities | $4,736,573 |
| Net assets without donor restrictions | $2,269,094 |
| Net assets with donor restrictions | $19,732 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,025,399 |